SVB Wealth LLC Purchases New Holdings in D.R. Horton, Inc. (NYSE:DHI)

SVB Wealth LLC acquired a new position in shares of D.R. Horton, Inc. (NYSE:DHI) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 6,731 shares of the construction company’s stock, valued at approximately $941,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Coastline Trust Co acquired a new position in shares of D.R. Horton during the third quarter worth about $26,000. Golden State Wealth Management LLC acquired a new position in D.R. Horton during the 4th quarter worth approximately $30,000. Rakuten Securities Inc. raised its stake in shares of D.R. Horton by 216.7% during the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after buying an additional 117 shares in the last quarter. Rosenberg Matthew Hamilton lifted its holdings in shares of D.R. Horton by 152.8% in the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock valued at $38,000 after buying an additional 165 shares during the period. Finally, Sierra Ocean LLC purchased a new stake in shares of D.R. Horton in the fourth quarter valued at approximately $43,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Stock Performance

NYSE DHI opened at $125.63 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. The stock has a market cap of $39.59 billion, a price-to-earnings ratio of 8.88, a price-to-earnings-growth ratio of 0.54 and a beta of 1.76. D.R. Horton, Inc. has a fifty-two week low of $124.23 and a fifty-two week high of $199.85. The business has a fifty day moving average of $137.19 and a 200-day moving average of $162.33.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.24. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the previous year, the company posted $2.82 EPS. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. As a group, analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a dividend of $0.40 per share. The ex-dividend date was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.27%. D.R. Horton’s dividend payout ratio (DPR) is currently 11.31%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on DHI shares. Wells Fargo & Company decreased their target price on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Bank of America downgraded shares of D.R. Horton from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $160.00 to $150.00 in a report on Monday, January 27th. Wedbush reaffirmed a “neutral” rating and issued a $180.00 target price on shares of D.R. Horton in a report on Friday, January 17th. Royal Bank of Canada reissued an “underperform” rating and set a $125.00 price target on shares of D.R. Horton in a research note on Wednesday, January 22nd. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $210.00 price objective on shares of D.R. Horton in a research note on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, D.R. Horton has a consensus rating of “Hold” and an average price target of $170.93.

D.R. Horton Profile

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.